Several other hedge funds and other institutional investors have also added to or reduced their stakes in JLL. Covestor Ltd grew its holdings in shares of Jones Lang LaSalle by 61.3% in the first quarter. Covestor Ltd now owns 150 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 57 shares in the last quarter. Ronald Blue Trust Inc. acquired a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $41,000. Brown Brothers Harriman & Co. acquired a new position in shares of Jones Lang LaSalle in the first quarter valued at approximately $46,000. Tobam acquired a new position in shares of Jones Lang LaSalle in the third quarter valued at approximately $29,000. Finally, C M Bidwell & Associates Ltd. acquired a new position in shares of Jones Lang LaSalle in the second quarter valued at approximately $46,000. 93.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
JLL has been the subject of a number of research reports. StockNews.com cut shares of Jones Lang LaSalle from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd. Wolfe Research downgraded shares of Jones Lang LaSalle from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, January 31st. Raymond James decreased their price target on shares of Jones Lang LaSalle from $243.00 to $239.00 and set an “outperform” rating for the company in a research note on Friday, January 20th. Finally, Citigroup began coverage on shares of Jones Lang LaSalle in a research note on Friday, January 27th. They issued a “neutral” rating and a $200.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $238.40.
Jones Lang LaSalle Stock Down 3.2 %
Shares of NYSE:JLL opened at $175.77 on Friday. The company has a market capitalization of $8.34 billion, a PE ratio of 9.87 and a beta of 1.26. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.32. Jones Lang LaSalle Incorporated has a twelve month low of $135.35 and a twelve month high of $250.87. The firm has a 50 day simple moving average of $170.56 and a 200-day simple moving average of $167.11.
About Jones Lang LaSalle
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Jones Lang LaSalle, Inc engages in the provision of professional services which specialize in real estate and investment management. It operates through the following geographic segments: Americas, Europe, Middle East and Africa (EMEA, Asia Pacific, and LaSalle Investment Management (LaSalle). The Americas, EMEA, and Asia Pacific segments provide leasing, capital markets, integrated property and facility management, project management, advisory, and transaction services.
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